NOT ALL ECONOMIC INDICATORS AREIMPORTANT
Globalisation has brought us all closer together and has broughtmillions of pieces of information to our fingertips on a daily basis. Partof becoming a successful Forex investor entails learning how to ignoremost of the news and information that bombards you every day so youcan focus on the important information.Not all economic indicators are important. You will see manyfundamental economic announcements that you do not have to paymuch attention to. For instance, unemployment in Ireland is not asimportant as unemployment in the United States. While Irishunemployment is certainly important in Ireland, the U.S. economy has amuch larger impact on the global economy so investors watch U.S.economic announcements more closely.Remember, it is ultimately large, institutional investors who move theForex market so you want to watch the same things these investors arewatching. Doing so enables you to more accurately predict what movesthey will make so you can take advantage of those movements.The most important fundamental economic indicators can be dividedinto the following three groups:You will learn more about economic strength and capital and tradeflow indicators in later sections. In this section, you are going to learnabout interest rates
the most important fundamental economicindicator in the Forex market.
One great way to take advantage of fundamentally drivenprice movement is to watch the news. You will learn how toprofit from unexpected news when you complete the NewsAnalysis section.- Interest rates- Economic strength- Capital and trade flow